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NSE:TECHM

TECH MAHINDRA LIMITED

Information Technology › IT - Software·NIFTY 100NIFTY 200NIFTY 50NIFTY 500+6
₹1,778.50
at close · 28 Oct 2026
▼ 32.90 (-1.82%)

Latest filings

  1. Postal ballot notice and remote e-voting details dispatched · Compliance
  2. Postal ballot seeks approval for 1:1 bonus issue and higher capital · Board & Shareholder Meetings
  3. Tech Mahindra Q2 FY27 earnings call transcript filed · Investor Communications
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Provides IT services and business process services to enterprise clients, split into two reporting segments. For FY26, the IT segment generated Rs 47,767 crore of revenue with Rs 9,516.8 crore of EBIT, and the BPS (business process services) segment generated Rs 9,048.4 crore of revenue with Rs 1,499 crore of EBIT. In Q1 FY27, IT revenue was Rs 13,245 crore and BPS revenue was Rs 2,467 crore. Service delivery spans five verticals: Communications, BFSI, Manufacturing, Retail/Travel/Logistics, and Healthcare/Life Sciences, with Manufacturing leading Q1 FY27 growth at +17.2% YoY, followed by Retail/Travel/Logistics +8.6%, BFSI +8.1%, Healthcare/Life Sciences +7.2% and Communications +1.3%. Total contract value of new deal wins in Q1 FY27 was US$1.078 billion, the third consecutive billion-dollar quarter. The portfolio is being repositioned around AI-led transformation, with 350+ deployable AI agents, 65% of associates AI-belt certified and 70% of eligible developers using AI pair-programming. Employee cost is the largest operating expense at 53.6% of revenue, with other operating expenses at 30.5% and depreciation at 3.3%.

Operating scale
Q1 FY27 TCV deal wins
US$1.078 billionQ1 FY27
Q1 FY27 operating margin
14.4%Q1 FY27
Q1 FY27 Manufacturing vertical growth
+17.2% YoYQ1 FY27
Deployable AI agents
350+Q1 FY27
Q1 FY27 ROCE
28.3%Q1 FY27
Q1 FY27 DSO
84 daysQ1 FY27
Who pays it
Enterprise clients across five verticals: Communications, BFSI, Manufacturing, Retail/Travel/Logistics and Healthcare/Life Sciences
Biggest cost
Employee cost at 53.6% of revenue
Kind of business
IT services and business process outsourcing, people-heavy services business
Where it sits
Listed Indian IT services company operating across five industry verticals globally
Market Cap
₹1.74 L Cr
P / E (TTM)
30.7×
EV / EBITDA
18.5×
Div Yield
2.31%
Growth
8.5%▲
Revenue 5y CAGR
PAT +2.0% · EBITDA +3.0%
Quality
19.8%▲
ROCE (5y median)
ROE 16.0% (5y median) · margin 15.5%
Leverage
0.07·
Debt / Equity · low
Net cash ₹2,860 Cr
Revenue FY21→FY26
1.5×▲
Margin −3.0 pts
₹37,855 Cr → ₹56,815 Cr
Cash conversion
1.33×▲
Operating cash ÷ profit · 5 yrs
₹29,191 Cr on ₹21,942 Cr
Moves on a normal day
1.00%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 78 Computers - Software & Consulting peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#51/65
P/B#51/65
ROCE#26/76
ROE#21/64
Debt / Equity#39/65
EBITDA margin#36/65
Revenue growth#21/63
Profit growth#15/62

Scorecard

Measured from the filed financials, judged against its Computers - Software & Consulting peers · as of FY26 — not investment advice

Strengths
Returns on capital 19.8% (5-year median)
#26 of 76 in Computers - Software & Consulting on the latest reported figures
Over 5 years it reported ₹21,942 Cr of profit and ₹29,191 Cr of operating cash — 1.33×
Profit is converting into cash
Pays out 84% of profit as dividend
Concerns
Customers are taking longer to pay — 62 → 86 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

TECHM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from TECH MAHINDRA LIMITED's filed financials and exchange disclosures

What does TECH MAHINDRA LIMITED do?

TECH MAHINDRA LIMITED is a IT - Software company listed on NSE and BSE, trading under the symbol TECHM.

Is TECH MAHINDRA LIMITED profitable?

Yes. Over the trailing twelve months TECH MAHINDRA LIMITED reported a net profit of ₹5,163 Cr on revenue of ₹59,176 Cr.

Does TECH MAHINDRA LIMITED pay a dividend?

Yes. The dividend yield is 2.31% at the current price. It paid out 84% of its profit as dividend in FY26.

Is TECH MAHINDRA LIMITED debt-free?

On a net basis, yes. It reported borrowings of ₹2,186 Cr on its 31 Mar 2026 balance sheet, but holds ₹2,860 Cr more cash than debt.

Is TECH MAHINDRA LIMITED expensive compared with its peers?

On trailing P/E, TECH MAHINDRA LIMITED ranks 51 of 65 in Computers - Software & Consulting — cheaper than 22% of them, against an industry median of 15.0×. This is a position, not a valuation judgement.

How much does the TECH MAHINDRA LIMITED share price move in a day?

On a typical session TECH MAHINDRA LIMITED moves 1.00% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track TECH MAHINDRA LIMITED's announcements?

Every NSE and BSE filing by TECH MAHINDRA LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.